Tag Archives: recession

Is the UK in recession?

So the OECD predicts recession in the UK. I must say, I can’t see any signs of the growth we desperately need, and I can’t see any significant growth for many years to come. We in the UK are going to have to learn to adjust to lower living standards. The growth experienced over recent years was fuelled by cheap credit, which in turn led to rampant consumerism. It wasn’t ‘real’ growth and we are paying the price now. I fear we are going to have to get used to living in this harsh ‘new’ economy for years to come. Continue reading